Sold
Last Sold Price
2 beds1,666 sqft

1862 Cottontown Rd, Forest, VA 24551

Multi FamilyProperty Type
0.47 acresLot Size
1989Year Built
$126/sq ftPrice per sq ft

Description

What a rarity! A duplex in Forest - enjoy low Bedford County taxes and Super convenient location. Buy this one or buy a pair as the duplex next door is for sale too at 1862 Cottontown Road. Long term, short term or traveling medical rental options create an incredible and desirable investment opportunity! Photos are of neighboring Unit at 1862A Cottontown which is available to see with notice. All others may be seen once we have a ratified contract. Please do not disturb other tenants - Thanks. Heat...What a rarity! A duplex in Forest - enjoy low Bedford County taxes and Super convenient location. Buy this one or buy a pair as the duplex next door is for sale too at 1862 Cottontown Road. Long term, short term or traveling medical rental options create an incredible and desirable investment opportunity! Photos are of neighboring Unit at 1862A Cottontown which is available to see with notice. All others may be seen once we have a ratified contract. Please do not disturb other tenants - Thanks. Heat Pumps June 2016 and Nov 2012. Roof replaced 2020. Unit B Paint and stove 2022, toilet 2020. Septic pumped Aug 2021.
  • Listed by: Teresa Hudson • John Stewart Walker, Inc
Listing closed: 07/08/2022 12:00 AM • Source: Lynchburg Association of REALTORS, MLS#: 338526
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Recent comparable sales

Median sold price

$260,000

Avg days on market

22

Sale-to-list ratio

99.6%

Forest, VA

9 comparable properties found

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Square Feet
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$259,900 | 1170 Jefferson Oaks Court, Unit 24, Forest, VA 24551
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Location

Listing Courtesy of John Stewart Walker, Inc, Teresa Hudson

Sold By Elite Realty - Graves Mill, Trevor Gillispie

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$1,182 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,121

Property Taxes

$61

HOA Dues

$0

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Property Information for 1862 Cottontown Road

Property Details

  • Taxes: $736 / year
  • MLS Type: Multi-Family / Multi-Family
  • Zoning: R2
  • Parking: 2 Spaces/Unit, Guest Parking
  • Directions: Rt 221 to Cottontown Rd approx 1/2 mile on the left

Building Information

  • Residences: 2
  • Year Built: 1989
  • Lot Size: 0.47 AC / 20,473 SF

Summary

Location and General Information
  • County/City: Bedford
  • State: VA
  • ZIP: 24551
  • Zip Plus 4: 3909
  • Area: Bedford
  • Longitude: -79.25
  • Latitude: 37.40
  • City/Town: Forest
Taxes and HOA
  • Tax Map/Parcel ID: 10137500
  • Estimated Taxes: $736.00
  • Tax Exp Frequency: Yearly
  • Taxes Expense: $736.00
  • Association: Lynchburg Board of Realtors
  • Association Fee Amount: $.00
  • Association Fee: 0.00
School Information
  • School District: Bedford

Property

Lot Information
  • Acres: 0.47
  • Lot Measurement: Acres
  • Lot Size Source: (Public Records)
  • Lot Square Footage: 20473.0
  • Square Footage: 1666.0
  • Est Foundation Sqft: 1666.0
  • Est Other Sqft: 0.0
Property and Assessments
  • Property Type: Multi-Family
  • Property Subtype 1: Multi-Family
  • Year Built: 1989
  • Age: 0
  • Financing: Conventional
  • FIPS Code: 19
  • Legal Description: LIMERICK LOT 4 Tax Map 101C 15 4
  • Property Disclaimer: All information herein has not been verified and is not guaranteed
  • Allow Auto Estimate: Yes
  • Allow Reviews: Yes
  • Validated: Yes
Utilities
  • Sewer: Septic Tank
  • Water Exp Frequency: Monthly
  • Water Expense: $45
  • Water Heater: Electric
  • Water: County
  • # of Water Meters: 1
  • Utility - Electric: American Electric
  • Electric Expense: $0
  • Shared Utilities: Indiv Meter/Electric
  • # of Electric Meters: 0
  • # of Gas Meters: 0

Interior and Exterior Features

Exterior Features
  • Exterior Finish (AG): Vinyl Siding
  • Attach Doc to DocBox: Disclosure
Interior Features
  • Flooring: Carpet, Vinyl
  • Heating System: Heat Pump
  • Internet Providers: Shentel
  • Limited Services: No
  • Cooling: Heat Pump
  • Three Quarter Bathrooms: 0

Multi Family

Multi-Family Information
  • Total Number of Units: 2
  • Number of Unfurnished Units: 2
  • Number of Furnished Units: 0
Unit 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Full Baths: 1
  • Unit 1 Half Baths: 0
  • Unit 1 Occupancy: Occupied
  • Unit 1 Rent Amount: $725.00
  • Unit 1 Square Feet: 833.0
  • Unit 1 Amenities: Carpet, Dishwasher, Dryer Hookup, Porch, Refrigerator, Smoke Alarm, Washer Hookup
Unit 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Full Baths: 1
  • Unit 2 Half Baths: 0
  • Unit 2 Occupancy: Occupied
  • Unit 2 Rent Amount: $625.00
  • Unit 2 Square Feet: 833.0
  • Unit 2 Amenities: Carpet, Dishwasher, Dryer Hookup, Porch, Refrigerator, Smoke Alarm, Washer Hookup
Unit 3
  • Unit 3 Full Baths: 0
  • Unit 3 Half Baths: 0
  • Unit 3 Rent Amount: $.00
  • Unit 3 Square Feet: 0.0
Unit 4
  • Unit 4 Full Baths: 0
  • Unit 4 Half Baths: 0
  • Unit 4 Rent Amount: $.00
  • Unit 4 Square Feet: 0.0
Unit 5
  • Unit 5 Full Baths: 0
  • Unit 5 Half Baths: 0
  • Unit 5 Rent Amount: $.00
  • Unit 5 Square Feet: 0.0
Unit 6
  • Unit 6 Full Baths: 0
  • Unit 6 Half Baths: 0
  • Unit 6 Rent Amount: $.00
  • Unit 6 Square Feet: 0.0
Income and Expenses
  • Gas Expense: $0
  • Heat Expense: $0
  • Insurance Frequency: Yearly
  • Insurance Expenses: $250
  • Maintenance Expense: $300
  • Maintenance Exp Freq: Yearly
  • Miscellaneous: Individual Laundry, Unfurnished
  • Net Oper Income: $0
  • Annual Gross Income: $0

Property History for 1862 Cottontown Road

DateEvent & SourcePriceAppreciation
Jul 8, 2022

Sold

Lynchburg Association of REALTORS #338526

$210,000—
Jun 23, 2022

Sold (Public Record)

Public Record #1495251330

$420,000—
May 27, 2022

Pending

Lynchburg Association of REALTORS #338526

—
DateEvent & SourcePrice
07/08/2022

Sold

Lynchburg Association of REALTORS #338526

$210,000
06/23/2022

Sold (Public Record)

Public Record #1495251330

$420,000
05/27/2022

Pending

Lynchburg Association of REALTORS #338526

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

1862 Cottontown Road

Beds

4

Baths

2

Total Finished SqFt

1,666 SqFt

Above Grade Finished SqFt

1,666 SqFt

Stories

1

Lot Size

20,473 SqFt

Schools near 1862 Cottontown Road

This home is within Bedford County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 7
Rating
School
Distance
Boonsboro Elementary School
PublicPK to 5

Forest Middle School
Public6 to 8

Jefferson Forest High School
Public9 to 12

Blue Ridge Montessori School
PrivatePK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1862 Cottontown Road, Forest, VA 24551
$210,000
2
1,666
20,473
$210,000
4
1,666
40,511
$123,700
3
1,843
20,037
$219,900
3
1,796
20,473
–
2
2
1,404
20,909
$185,000
3
1,700
21,780

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John Stewart Walker, Inc, Teresa Hudson

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.